KB Kookmin Card Issues Additional 150 Billion KRW in ESG Bonds

[Asia Economy Reporter Ki Ha-young] KB Kookmin Card announced on the 22nd that it has additionally issued 150 billion KRW of 'Environmental, Social, and Governance (ESG) bonds' aimed at financial support for small and medium-sized merchants.

The bonds issued this time are special purpose bonds used for eco-friendly or social value creation, and KB Kookmin Card previously issued 100 billion KRW worth of 'ESG bonds' in June.

The issuance scale consists of ▲50 billion KRW bonds maturing in 1 year and 7 months ▲50 billion KRW bonds maturing in 2 years and 10 months ▲50 billion KRW bonds maturing in 4 years, totaling 150 billion KRW, and the funds raised will be used for early payment of credit sales proceeds to small and medium-sized merchants.

The coupon rates are 1.059% per annum for the 1 year 7 months bond, 1.324% for the 2 years 10 months bond, and 1.522% per annum for the 4 years bond.

A KB Kookmin Card official explained, "This additional issuance of 'ESG bonds' was issued at a level lower than the market average interest rate based on excellent credit ratings and high asset soundness, and it is also competitive compared to the bond rates issued in June."

This content was produced with the assistance of AI translation services.